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Pivot Trading

  • #17,941
  • Apr 30, 2018 2:40pm Apr 30, 2018 2:40pm
Quoting MoneyTalks58
From last week's 3.03 to now. Maybe it can be the indicator of this week's correction. (Just guessing.) {image}
Continue declining. I am very curious about USD this week.
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  • #17,942
  • Edited 11:06pm Apr 30, 2018 10:25pm | Edited 11:06pm
Hi Guys its been slow market wise everything waiting for Feds and NFP but tonight we got RBA rate in 1hr.Get ready! Should be fun.
Basically it does not matter what RBA does AUD is already severely discounted and most likely outcome is bullish AUD afterwards
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In trading, you have to be defensive and aggressive at the same time
  • #17,943
  • Apr 30, 2018 11:35pm Apr 30, 2018 11:35pm
Quoting Davit
Hi Guys its been slow market wise everything waiting for Feds and NFP but tonight we got RBA rate in 1hr.Get ready! Should be fun. Basically it does not matter what RBA does AUD is already severely discounted and most likely outcome is bullish AUD afterwards {image}
No rate change as expected. Rest of the statement looks pretty dovish to me. Let's see how the market reacts
Fall seven times, stand up Eight! #GGMU
  • #17,944
  • May 1, 2018 1:29am May 1, 2018 1:29am
AUDCAD waiting...
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  • #17,945
  • May 1, 2018 2:21am May 1, 2018 2:21am
Quoting snail69
AUDCAD waiting... {image}
What's going on?

You posted this four/five hours ago - trading against the system - and then deleted the post when it went against you in the lead up to the rate decision.

Now that it is moving in your direction, you repeat the post, but obviously still against the system.

This sort of post and the deleting and reposting does not help anyone here.
  • #17,946
  • Edited 3:24am May 1, 2018 2:46am | Edited 3:24am
Quoting ikdenk
{quote} What's going on? You posted this four/five hours ago - trading against the system - and then deleted the post when it went against you in the lead up to the rate decision. Now that it is moving in your direction, you repeat the post, but obviously still against the system. This sort of post and the deleting and reposting does not help anyone here.
Ik, I deleted post as was changing TP and adding EA for managing hidden SL/TP. Why it would be against the system ? When I ride swing to its fullest, it is against system ? 68 ~ 100 is ZONE for price to turn with higher probability. Entries are before that area and right after "38" range zone, with expectation price to start turn in the ZONE. That is why TP is placed there. You might open buy positions to start. I open also buy, however, to end this time. In a while I might open long as well, however, after certain things considered.

AUDCAD +370

It is playing with odds and probability. Davit, would you please comment on this ?
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  • #17,947
  • May 1, 2018 3:02am May 1, 2018 3:02am
hello guys.
Davit thanx vry much for this thread.
I have been following for some months, read almost all the books posted, watched all the videos
I believe this is a place that seeks to make one the best trader he can be.
Am really excited to learn more.
  • #17,948
  • May 1, 2018 3:16am May 1, 2018 3:16am
Dollar index above 92 since January so expect strong dollar today
  • #17,949
  • May 1, 2018 3:29am May 1, 2018 3:29am
Quoting snail69
{quote} Ik, I deleted post as was changing TP and adding EA for managing hidden SL/TP. Why it would be against the system ? When I ride swing to its fullest, it is against system ? 68 ~ 100 is ZONE for price to turn with higher probability. Entries are before that area and right after "38" range zone, with expectation price to start turn in the ZONE. That is why TP is placed there. You might open buy positions to start. I open also buy, however, to end this time. In a while I might open long as well, however, after certain things considered. AUDCAD...
This is fine. What matters is the entry. You ride it as far as you want.
  • #17,950
  • May 1, 2018 3:34am May 1, 2018 3:34am
[quote=Samson85;11014264]Dollar index above 92 since January so expect strong dollar today

Not so fast it's on ema200 on daily first time since last may...
  • #17,951
  • May 1, 2018 3:36am May 1, 2018 3:36am
Watching gold closely today. Red arrow was the FOMC meeting on 21st of March

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  • #17,952
  • May 1, 2018 3:51am May 1, 2018 3:51am
Quoting pgr45za
{quote} This is fine. What matters is the entry. You ride it as far as you want.
Pgr45za, thanks for clarification as a possible TP, marked on chart @ 0.96398 is outside of the 68-100 ZONE , however, it is a Pivot line on Feb 13 and fib level.
  • #17,953
  • May 1, 2018 4:32am May 1, 2018 4:32am
Seshwaan am also watching
Waiting patiently for PA and USD news
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  • #17,954
  • May 1, 2018 5:37am May 1, 2018 5:37am
Sorry to get a bit off topic here, but does anyone know of an indicator that just shows a list of symbols with the change since open in %?

Thanks (and happy Labor Day for those who celebrate it)

Pedro
  • #17,955
  • May 1, 2018 5:43am May 1, 2018 5:43am
Quoting pgr45za
Sorry to get a bit off topic here, but does anyone know of an indicator that just shows a list of symbols with the change since open in %? Thanks (and happy Labor Day for those who celebrate it) Pedro
Here you go. Ups, no % there, just money.
Attached File(s)
File Type: ex4 PZ_RiskManagement.ex4   29 KB | 437 downloads
  • #17,956
  • May 1, 2018 5:51am May 1, 2018 5:51am
Quoting snail69
{quote} Here you go. Ups, no % there, just money. {file}
I need a market watch panel with the % change since daily open.
It's amazing how MT5 does not have this.

I'm paying for market subscriptions per month on Interactive Brokers when I have this information live on MT5. Just need to put it in table form, with % on day.

Thanks
  • #17,957
  • May 1, 2018 5:58am May 1, 2018 5:58am
Quoting snail69
{quote} Here you go. Ups, no % there, just money. {file}
This would be awesome in MT5
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  • #17,958
  • May 1, 2018 6:05am May 1, 2018 6:05am
Hello Everyone,

I've been learning and practising for last few months trying to systemize my trading. As a person who is determined and always hardworking, for last two years i was spending hours at charts trying to find my way by analising and reading price (from my journal i can tell that i missed only few days since started trading). Because, i was starting without any mentor, i think that for the past 2 years i've tryied almost every popular strategy on forex. What's even funnier none of those siuted me.
Maybe that's because i love clean chart and having a waypoint on the price.
Then found Pivot Trading.
After understanding how it is going, and combining it with Price Action - Voilà!

You guys, who are posting here ecudational posts - like callendar explenation, macroeconomic comments, and showing such good perfomance in placing orders - Thank You very much. It really helps to understand more. Everybody who is trying to find their way - this kind of educational posts helps more than you think.

Attached picture is a proof for myself and for you, that beeing humble and hardworking pays off.
January 2018 is a turning point. First time understanding what is going on, and beeing more relaxed in trading.

Thanks @David for your work, and for those who are keeping this thread at high level.

PS. As a more technical trader (maybe because of beeng an egineer) i was never paying attention on Fundamentals. But now I'm spending more time of learning about it because it helps more than drawing few lines on chart and thinking that it definietly will go that way.... or that way.....or maybe not. Knowing fundamentals you can combine price levels with direction - and BOOOM - green pips!

Could you please if there is no problem for you guys, put source of your fundamentals info? I'd love to learn more, because it's not that simple....

Thank You and Cheers!
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Hard choices, easy life. Easy choices, hard life. ~ Jerzy Gregorek
  • #17,959
  • May 1, 2018 7:00am May 1, 2018 7:00am
Quoting pgr45za
{quote} This would be awesome in MT5 {image}
Pedro. it is not in %, but it might help for your need too.
Attached File(s)
File Type: ex4 xADR_0.2renko.ex4   12 KB | 412 downloads
  • #17,960
  • May 1, 2018 7:16am May 1, 2018 7:16am
Quoting pgr45za
Sorry to get a bit off topic here, but does anyone know of an indicator that just shows a list of symbols with the change since open in %? Thanks (and happy Labor Day for those who celebrate it) Pedro
Is this what you are after?

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Best regards
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